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Mphasis Ltd - Stock Valuation and Financial Performance

BSE: 526299 | NSE: MPHASIS | IT - Software | Mid Cap

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Mphasis Share Price

 ₹2,533.65 -0.60 -0.02%
as on 20-May'25 16:59

DeciZen - make an informed investing decision on Mphasis

Overall Rating ⓘ
Bole Toh

1. Quality

Very Good
Check detailed 10 Yrs performace

2. Valuation

Somewhat overvalued
Check 10 Yrs Valuation charts

3. Price Trend

Strong
Check Price chart

Mphasis stock performance -

PE Chart Key Ratios
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P/E Ratio (CD):
28.32
Market Cap:
48,207.4 Cr.
52-wk low:
2,025.1
52-wk high:
3,239.6

Is Mphasis Ltd an attractive stock to invest in?

1. Is Mphasis Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Mphasis Ltd is a good quality company.

2. Is Mphasis Ltd undervalued or overvalued?

The key valuation ratios of Mphasis Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Mphasis Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Mphasis Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Mphasis:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Standalone Basis P Consolidated Basis P
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Mphasis Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ14.8%17.5%18.6%24.4%26.2%25.2%27.4%29.1%24.1%23%-
Value Creation
Index ⓘ		0.10.30.40.80.91.21.41.61.21.1-

Growth Parameters ⓘ

Growth Parameters Colour Code Guide ⓘ

Sales ⓘ6,0816,0766,5467,7318,8449,72211,96113,79913,27914,23014,230
Sales YoY Gr.--0.1%7.7%18.1%14.4%9.9%23%15.4%-3.8%7.2%-
Adj EPS ⓘ29.134.343.456.959.362.174.485.281.789.489.5
YoY Gr.-18%26.7%31%4.2%4.6%19.8%14.6%-4.1%9.4%-
BVPS (₹) ⓘ277.8291.5282279.3309.4345.8363.7410.4451.9494.2493.8
Adj Net
Profit ⓘ		6117218401,0601,1061,1611,3971,6051,5441,6991,702
Cash Flow from Ops. ⓘ7316647239501,3211,4551,7161,4622,1801,905-
Debt/CF from Ops. ⓘ0.60.40.50.60.40.40.30.10.70.6-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ9.9%10%6%7.2%
Adj EPS ⓘ13.3%8.6%6.3%9.4%
BVPSⓘ6.6%9.8%10.8%9.4%
Share Price 21% 25.2% 1% 9.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		10.81214.419.82018.820.721.618.518.518.1
Op. Profit
Mgn % ⓘ		14.815.916.217.118.718.517.717.61718.618.6
Net Profit
Mgn % ⓘ		1011.912.813.712.511.911.711.611.611.912
Debt to
Equity ⓘ		0.100.10.10.10.10.100.20.10
Working Cap
Days ⓘ		13714013513312812011311312112082
Cash Conv.
Cycle ⓘ		-1-1-1-8-13-51327323131

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 18.10%

Sales growth has been subdued in last 3 years 5.96%

Net Profit has been subdued in last 3 years 6.34%

Sales growth is not so good in last 4 quarters at 7.15%

Latest Financials - Mphasis Ltd.

Standalone Consolidated
TTM EPS (₹) 80.6 89.5
TTM Sales (₹ Cr.) 9,271 14,230
BVPS (₹.) ⓘ 318.8 493.8
Reserves (₹ Cr.) ⓘ 5,874 9,204
P/BV ⓘ 7.95 5.13
PE ⓘ 31.46 28.32
From the Market
52 Week Low / High (₹) 2025.05 / 3239.55
All Time Low / High (₹) 1.75 / 3659.75
Market Cap (₹ Cr.) 48,207
Equity (₹ Cr.) 190.2
Face Value (₹) 10
Industry PE ⓘ 30.1

Management X-Ray of Mphasis:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Mphasis

Event Update

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Analyst's Notes

Mphasis: Q1FY24 Result Update - 07 Aug 2023

Particulars

Q1FY24

YoY Trend

Comments

Revenue

3,252

+5%

Short term impact on performance due to weakness in banking sector. TCV wins were more than double of average wins in past 4 Quarters(1/3rd TCV won were in AI)

EBITDA

587

+2%

 

EBITDA Margin

18.1%

+50 bps

 

PAT

396

+1%

 

Miss in revenue as well as profitability due to weakness in banking and capital markets which is about ~50% of total revenue.

 

Mphasis Ltd: Concern over HP restructuring - 03 Apr 2013

We advise investors to remain cautious about the stock and refrain from making any investments in it

Mphasis, being subsidiary of Hewlett Packard (HP) has been in news lately on account of the write down by HP regarding its software firm Autonomy.

HP is one of Mphasis largest clients, contributing to 54% of revenues in FY12. Recently, HP wrote off USD 8.8 billion stating accounts misrepresentation as the reason, out of USD 11.1 billion, which it paid to acquire Autonomy, a UK based technology company.  HP’s acquisition write offs and falling revenues leading to its loss of market share is consequently affecting Mphasis’s revenues and future growth prospects. The non HP business of Mphasis, contributing 36% of the revenues in FY12 is also not significant.  The Mphasis management has mentioned of reducing their dependency on HP in FY 2010-11, the effects of which can be seen in last year and latest quarter figures. 70% of the Mphasis's revenues came from HP in FY 2010, which has reduced to 54% in FY 2012, dropping further to 52% in Q1 FY13 . However, sustainable trend is yet to emerge.

Considering this, we have changed the future prospect of the company from Green (Very Good) to Orange (Somewhat Good).

Thus, owing to the uncertainty regarding HP’s ongoing restructuring problem and huge debts, we reiterate our view regarding the need to adopt a cautious approach towards investment in Mphasis.

Key Ratios of Mphasis

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales6,0816,0766,5467,7318,8449,72211,96113,79813,27914,230
Operating Expenses ⓘ 5,1935,1095,4876,4077,1937,9199,84411,36511,02011,583
Manufacturing Costs898169319188191246216183183
Material Costs38400000000
Employee Cost 3,7303,7103,8184,2994,9235,6307,0358,0767,9258,145
Other Costs ⓘ 1,3351,3141,6001,7892,0832,0992,5633,0732,9113,255
Operating Profit ⓘ 8889681,0591,3241,6501,8032,1182,4342,2592,647
Operating Profit Margin (%) 14.6%15.9%16.2%17.1%18.7%18.5%17.7%17.6%17.0%18.6%
Other Income ⓘ 202240165177178133160162381255
Interest ⓘ 2414131781637497161166
Depreciation ⓘ 121797176232242291325410476
Exceptional Items ⓘ -55-15-130000000
Profit Before Tax ⓘ 8901,0991,1281,4071,5151,6311,9132,1732,0682,260
Tax ⓘ 258308290334331414482535514558
Profit After Tax 6327928371,0731,1851,2171,4311,6381,5551,702
PAT Margin (%) 10.4%13.0%12.8%13.9%13.4%12.5%12.0%11.9%11.7%12.0%
Adjusted EPS (₹)30.137.643.357.663.565.176.286.982.389.6
Dividend Payout Ratio (%)67%45%46%47%55%100%60%58%67%64%

Balance Sheet

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 5,8386,1335,4505,2015,7716,4686,8327,7318,5419,394
Share Capital ⓘ 210210193186187187188188189190
Reserves ⓘ 5,6285,9235,2575,0145,5856,2816,6447,5438,3529,204
Minority Interest0000000000
Debt3112603905435715135271981,5441,116
Long Term Debt179000000000
Short Term Debt1332603905435715135271981,5441,116
Trade Payables448388502785667596850864798978
Others Liabilities ⓘ 3864745377621,5281,6952,3862,5742,9613,094
Total Liabilities ⓘ 6,9837,2556,8807,2908,5389,27310,59511,36713,84514,582

Fixed Assets

Gross Block1,7162,1082,1322,4943,5813,7444,7425,2277,0447,649
Accumulated Depreciation1191872483245687259681,1681,5111,868
Net Fixed Assetsⓘ 1,5971,9211,8842,1703,0133,0203,7744,0605,5335,781
CWIP ⓘ 561231731132610
Investmentsⓘ 2,1222,3961,7821,3291,3261,8461,8131,7533,0902,208
Inventories4000000000
Trade Receivables6496288129558359292,2272,5212,4262,841
Cash Equivalents 8576147076421,1261,0629491,0538141,613
Others Assetsⓘ 1,6981,6951,6932,1912,2212,4121,8211,9481,9212,139
Total Assets ⓘ 6,9837,2556,8807,2908,5389,27310,59511,36713,84514,582

Cash Flow

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ 7316647239501,3211,4551,7161,4622,1801,905
PBT ⓘ 9451,1141,1411,4071,5151,6311,9132,1732,0682,260
Adjustment ⓘ -21-541127159214322459299590
Changes in Working Capital ⓘ 52-105-150-14242-45-150-578403-234
Tax Paid ⓘ -234-290-278-343-396-345-369-593-590-711
Cash Flow From Investing Activity ⓘ -158268493289141-822-282182-2,48244
Capex -122-115-31-81-124-125-119-111-92-60
Net Investments -103337506340244-716-195265-2,42358
Others ⓘ 67461830212032293346
Cash Flow From Financing Activityⓘ -568-710-1,380-1,342-825-861-1,389-1,44077-1,756
Net Proceeds from Shares ⓘ 00310152744273058
Net Proceeds from Borrowing ⓘ 0000000000
Interest Paid ⓘ -18-7-10-16-78-13-28-97-140-152
Dividend Paid ⓘ -404-505-395-465-607-653-1,218-865-943-1,040
Others ⓘ -146-198-978-870-155-223-188-5051,130-621
Net Cash Flow ⓘ 5222-164-103637-22945204-225194

Finance Ratio

Standalone Basis Consolidated Basis
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)11.1713.2214.4620.1621.619.8821.5222.4919.1118.98
ROCE (%)14.7817.4918.5724.4326.1925.2127.3929.124.1423.01
Asset Turnover Ratio0.850.850.931.091.121.091.21.261.051
PAT to CFO Conversion(x)1.160.840.860.891.111.21.20.891.41.12
Working Capital Days
Receivable Days38384042373348636868
Inventory Days0000000000
Payable Days4,096000000000

Mphasis Ltd Stock News

Mphasis Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mphasis on 20-May-2025 16:59 is ₹2,533.7.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-May-2025 16:59 the market cap of Mphasis stood at ₹48,207.4.
The latest P/E ratio of Mphasis as of 20-May-2025 16:59 is 31.46.
The latest P/B ratio of Mphasis as of 20-May-2025 16:59 is 7.95.
The 52-week high of Mphasis is ₹3,239.6 and the 52-week low is ₹2,025.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mphasis is ₹9,271 ( Cr.) .

About Mphasis Ltd

Incorporated in 1992, Mphasis serves marquee customers across the globe including many top global banks, various mortgage lenders, and many top global insurance companies. Blackstone Private Equity (NYSE:BX), the world's largest private equity firm acquired Hewlett Packard Enterprise's (NYSE: HPE) stake (60.5%) in Mphasis. This deal represents the largest technology investment as well as largest acquisition by Blackstone in India.

Mphasis' core reference architectures & tools, combined with strong domain expertise in banking, financial services and insurance verticals and deep relationship with marquee global customers has enabled delivery of growth above industry average in Direct International segment. Mphasis' experienced management team, board of directors and long-term commitment from company’s largest customer, HPE aid positive economic impact and long-term value for investors.

Mphasis applies next-generation technology to help enterprises transform businesses globally. Customer centricity is foundational to Mphasis and is reflected in the Mphasis’ Front2Back Transformation approach. Front2Back uses the exponential power of cloud and cognitive to provide hyper-personalized (C=X2C2TM=1) digital experience to clients and their end customers. Mphasis’ Service Transformation approach helps ‘shrink the core’ through the application of digital technologies across legacy environments within an enterprise, enabling businesses to stay ahead in a changing world. Mphasis’ core reference architectures and tools, speed and innovation with domain expertise and specialization are key to building strong relationships with marquee clients.

Business area of the company

Mphasis is a global service provider, delivering technology based solutions across many sectors.

Services offered by the company

  • Application Services
  • Blockchain
  • Business Process Services
  • Cloud
  • Cognitive
  • Cyber Security
  • Devops
  • Digital
  • Governance, Risk & Compliance
  • Product Engineering
  • Infrastructure Services
  • Enterprise Automation

Awards

2014

  • Mphasis recognized as leader on the 2014 IAOP global outsourcing 100 list.
  • Mphasis wins Silver medal in the APAC Large Outsourced Contact Center Category.

2015

  • Mphasis has been ranked Number 29 of 100 largest financial technology vendors.
  • Mphasis recognized in 2015 Innovation and Excellence Awards for Global Technology.

2016

  • Mphasis CEO, named 'CEO of the Year' - Gold Winner by One Planet Awards.
  • Mphasis Next labs awarded 2nd Runner Up under Clouds Solution category.
  • Mphasis CEO named as CEO of the year at CEO Connection's 2016 Mid-Market Award.
  • Mphasis ranked 2 in Silicon Review's Top 30.

2017

  • Mphasis' Deep Insights wins AIconics Best Application of AI.
  • Mphasis Named Major Contender and Star Performer in Everest Group 2017 PEAK Matrix Report.
  • Mphasis wins the 'Imagination' Category at the 2017 ISG Paragon.
  • Mphasis' Eldorado wins Bronze STEVIE Award for 'Company of The Year; in 2017.

2018

  • Mphasis' Deep Insights Named a Winner under the 'Artificial Intelligence' category.
  • Mphasis CEO Nitin Rakesh wins Gold STEVIE Award for 'Executive of the year'.
  • Mphasis Veda Iyer wins CMO Asia's 'Women Leadership in Industry' Award.
  • CEO Nitin Rakesh honored as Gold winner in the Annual 2018 CEO World Award.
  • Mphasis CEO Nitin Rakesh wins the '2018 Outstanding 50 Asian Americans' Award.
  • Debashis Singh, Chief Information Officer recognized as Digital Leader by Data Quest Digital Leader 2018 Awards.

2019

  • Mphasis listed in Indeed's ‘Top-Rated Workplaces 2019 - Tech in India’.
  • Mphasis wins ISG Paragon Awards Americas in Impact Category, 2019.
  • Mphasis CEO Nitin Rakesh included in Exhibit Magazine’s ‘Top 100 Tech Leaders’.
  • Nitin has been awarded a Gold Stevie for Tech Innovator of the Year - Services.
  • Veda Iyer, CMO & Head Sales, APAC, recognized amongst 'India's Top 100 Women in Finance' for 2019 by AIWMI
  • Mphasis and the National Centre for Promotion of Employment for Disabled People (NCPEDP) win the Zero Project 2019 Award.
  • Mphasis one amongst Bangalore’s top 50 Hot Brands 2019 organized by Paul Writer.

2020

  • Mphasis wins Brandon Hall Group Gold award 2020, for Excellence in the Talent Acquisition category.
  • Nitin Rakesh, CEO, Mphasis, wins 2020 ISG Paragon Awards APAC in ‘Leadership’ category
  • Dr. Damini Gupta, AVP & Lead, AI & Fintech, wins in ‘Woman in Technology’ category.
  • Mphasis Ranks Among the Top 50 of UK's Fastest Growing Indian Companies.
  • Mphasis Digital Risk bags the esteemed 2020 HW Tech 100 Mortgage Winner Award.
  • Mphasis CFO, V. Suryanarayanan recognized with The CFO India’s ‘League of Excellence 2020’ awards.
  • Mphasis wins the Rotary Karnataka CSR Award 2020.
  • Nitin Rakesh, one of the first 250 CEO signatories of The Valuable 500.
  • Mphasis is Great Place to Work- Certified company.
  • Veda Iyer, Global CMO and Head Sales - APAC, Mphasis wins in the 'Women in Tech: Leader/Innovator/Disruptor of the year' category.

Milestones

  • 1998- Mphasis begins as high end technology architecting firm.
  • 2004- Mphasis acquired Kshema Technologies & Onida Info Tech Exceeds $100MM in revenue.
  • 2006- Acquired Princeton Consulting & Eldorado Computing EDS acquires 62% stake in Mphasis.
  • 2008- HP acquires EDS and Mphasis
  • 2009- Mphasis acquired AIG Software Solutions EDS re-branded to become HP Enterprise
  • 2010- Mphasis global expansion - Sri Lanka, Australia & Poland Mphasis acquired Fortify IS
  • 2010- Mphasis reaches $1billion in revenues
  • 2011- Mphasis acquires WYDE
  • 2013- Mphasis acquires Digital Risk LLC
  • 2015- Launch of NextAngles - automation led compliance product. Launch of NEXT Labs solution - HyperGraf & InfraGraf
  • 2016- Launch of DeepInsights Machine Learning platform
  • 2016- Blackstone acquires 61% stake in Mphasis from HPE
  • 2017- Launch of Front2Back (F2B) Transformation Strategy: C=X2C²TM=1
  • 2018- Mphasis acquires Stelligent Systems LLC
  • 2019- Launch of NEXT Labs Solution Autocode.AI and Optimize.AI
  • 2020- Mphasis enters into partnership with QEDIT
  • 2020- Mphasis has entered into a strategic partnership with US-based fintech startup Upswot.
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